CO₂RE - The Greenhouse Gas Removal Hub’s Post

University of Oxford report calls for major course-correction in carbon markets and carbon offsetting; update of broadly used guidance from 2020 (revised ‘Oxford Offsetting Principles’). "The Principles: 1. Cut #emissions as a priority, ensure the environmental integrity of credits, and regularly revise as best practice evolves  2. #Transition to #carbon #removal offsetting for any residual emissions (away from emissions avoidance or reduction) by the global #netzero target date 3. Shift to removals with durable #storage and low risk of reversal  4. Support the development of innovative and integrated approaches to achieving net zero" https://lnkd.in/dMYqWXU4

An interdisciplinary University of Oxford team, including OxSFG's Ben Caldecott and Injy Johnstone, have released an update to the Oxford Offsetting Principles on credible and net zero aligned carbon #offsetting. The Principles have been used by hundreds of organisations since publication in 2020. Co-author Dr Ben Caldecott, Director of Oxford Sustainable Finance Group, said, ‘The demand for and supply of high-quality offsets is far too immature. Adopting the Oxford Offsetting Principles will help to attract investment into carbon removal projects that have a low risk of reversal, as well as durability over the long term. This is a necessary condition for achieving global net zero and the aims of the Paris Agreement'. ‘Realism is required though. We will never be able to scale enough high-quality carbon removals to offset like-for-like currently avoidable fossil fuel emissions. The use of finite carbon removals needs to be preserved for hard-to-abate emissions and then bringing us back to safe levels after we almost certainly overshoot 1.5 degrees, and not sustaining existing fossil fuel interests.’ #climatechange #sustainablefinance #carbonremoval #greeninvestment #netzero #fossilfuel Smith School of Enterprise and the Environment - University of Oxford

The Oxford Offsetting Principles have been updated to include clearer, more detailed guidance for credible carbon offsetting, emphasizing the importance of genuine carbon removal over emission avoidance - report out of Smith School of Enterprise and the Environment - University of Oxford https://lnkd.in/euDVzYc5

Queen of Carbon Credit Communication, Margaret Morales, held court for my environmental students at St.Edward's University. Carbon Market 101 takeaways: ♠ Voluntary carbon markets are in the early adoption phase ♦ An efficient way to channel finance into climate solutions  ♠ A necessity for meeting the Paris Agreement  ♦ Growing demand for carbon removals ♠ Coordination saves $$ Bullish growth projections, estimated to be >$1T/yr by 2050, made by: 💹 BloombergNEF - The Untapped Power of Carbon Markets in Five Charts | BloombergNEF (bnef.com) 💹 McKinsey - https://lnkd.in/gyehyT5q 💹 E&Y - ey-net-zero-centre-carbon-offset-publication-20220530.pdf Check out the 170 types of carbon credit: VCM Reaches Towards $2 Billion in 2021: New Market Analysis Published from Ecosystem Marketplace - Ecosystem Marketplace Forest conservation and renewable energy most common types of carbon credits, but take your pick. Every carbon credit matters. #leadership #climatefinance #climatecommunication #makeanimpact

This new government position will be dissected in the coming days but my view has not changed. So, for the avoidance of doubt, I remain absolutely determined to continue with University of Glasgow stated ambitions and deliver our institution's target. Midway through the so-called decade of change there are challenges for sure. Finance and programme for instance. The whole sector faces these issues and our public and private stakeholders too. However, our students, staff and stakeholders still expect this leading educational institution to deliver.  On the up side, the University (like many) has the expertise, the ideas, the right solutions and the natural, economic and physical assets and resources to achieve the target milestone we have in place and ideally to go further. This is why I remain confident in our delivery. There will be bumps along the way but we have to keep on environing... https://lnkd.in/ezMZ5xeH

Just out, this book analyses different dimensions and policies of the European Green Deal in and beyond the EU. It focuses on financial instruments, energy policies, climate policies and EU’s external action. It aims at shedding light on “how different actors interpret and implement the aims of the European Green Deal, including especially those lagging behind, who, for various reasons, are struggling with the sustainable transition”. For those interested in climate finance, my contribution in Chapter 3 investigates “the role of the European Investment Bank in financing the green transition”. Many thanks to the editors #HeleneDyrhauge and #KristinaKurze, all my co-authors, as well as Routledge, our publishers. https://lnkd.in/d3T8QNWS #europeangreendeal #Euroepeaninvestmentbank #climatefinance #europeanunion #uni_lu

Did you know 37% of today's global CO2 emissions come from the building sector? PwC UK was a technical partner in developing best practice guidance to help the building sector shift towards net zero alongside @Science Based Targets initiative who are a leading global body enabling businesses and financial institutions to set ambitious emissions reduction targets, in line with the latest climate science. Find out more about why setting a science based target is important and the steps involved in aligning your business to the building sector guidance. #PwC UK #SBTi #RealEstate #RealAssets

The UK government is aiming for net-zero emissions by 2050, but how will it tackle the heating and transport sectors? New research by LSE explores how carbon pricing on fuel could play a key role. This approach incentivises cleaner options ♻️, but there's more to the story. For example, there's an argument to focus (at least in the near term) on strengthening existing road transport policies that have already started to enable emissions cuts. Check out LSE's report here: https://lnkd.in/ePHPy7Sv Full credit to Danial Sturge of Energy Systems Catapult, and Josh Burke, Esin Serin, Leo Mercer & Aurélien Saussay of The London School of Economics and Political Science (LSE) / Grantham Research Institute on Climate Change & the Environment. #netzero #carbonpricing #sustainability

#cities are the main spaces to study a #lowcarboneconomy. How to define optimal #carbon #emissions in #china from a theoretical perspective? Please refer to my recent academic journal paper: https://lnkd.in/e92_RcdX

I am so proud to be working somewhere I can support people that are involved in such amazing and world-changing work. To be a part of something greater and that really matters is a key value for me when considering a career move. One of the School's programmes, focusing on best practices in policies and regulation for net zero emissions. #climatechange #netzero #blavatnikschoolofgovernment #newchallenge